Savills Singapore has announced the public tender for a partial plot at The Centrepoint, located at 176A Orchard Road. The sale includes 132 leasehold strata units, comprising 66 retail and 66 residential units, under Management Corporation Strata Title Plan No. 1304. This offering presents a rare chance for investors to acquire a strategically located development on Singapore’s iconic shopping belt.
The property, with a 99-year leasehold tenure and approximately 52 years remaining, spans a site area of about 44,700 square feet. Under the 2025 Master Plan, it is zoned “Commercial” with a gross plot ratio of 5.6 and a height control of up to 10 storeys. The Singapore Land Authority has verified a development baseline of approximately 171,482 square feet, with a maximum allowable Gross Floor Area of about 250,320 square feet.
Jeremy Lake, Managing Director of Investment Sales & Capital Markets at Savills Singapore, expressed confidence in exceeding the guide price of $418m, equating to $2,709 per square foot per plot ratio. He highlighted the property’s direct link to Somerset MRT station and its prime location as key attractions for developers.
Savills has a strong track record of brokering major collective sales along Orchard Road, including Concorde Hotel & Shopping Mall and Delfi Orchard. The public tender for The Centrepoint units will open on 7 January 2026 and close on 26 February 2026 at 3pm. There are no restrictions on foreign ownership, making this an attractive opportunity for both local and international investors.
